The Numbers You Should Track & Measure in Your Private Practice: How to Grow Sustainably

Knowing Your Numbers is Knowing Your Opportunities

A really common question that private practice clinic owners ask us, is, “What numbers should you track and measure in your clinic to know how you are preforming and make plans for how you can grow“.

I’ve spoken with thousands of clinic owners and they say that knowing your numbers can be scary, overwhelming, boring or laboursome.

If you don’t know your numbers, how can you expect to grow profitably, sustainably and with enough cash flow? You MUST know exactly how your clinic is performing at any moment!

Im not suggesting that this is about being a “Million Dollar” health professional…because that doesn’t mean anything. There’s more to the story than money!

Yes… there is a commercial reality to being in business that demands you know your numbers, however, the intention of focusing on numbers is to help you make informed decisions.

Knowing your numbers allows you to track, measure and influence your finances so that you can reinvest in your team and reinvest in your patients!

If you are like most clinic owners then you just look at what’s left in the bank at the end of the month and hope there’s some left over… without any insights into why.

It was Peter Drucker who said, “What get’s measured, gets managed!”. As a health professionals ourselves, and as part of the Clinic Mastery Business Academy, we work exclusively with private practice owners to measure your numbers daily so that you can Grow Your Clinic.

Given that our core role as a health professional is to see Patients, knowing how to ethically influence these numbers is important for your clients outcomes and your business’ success.

If you don’t like numbers, or you’re not good at math, suck it up – we’ll simplify it for you!

In this article I’m going to share with you 11 core measure that you should track and how to find out how your clinic is performing right now.

What Do The Numbers Mean For Your Clinic

Basically, every figure or metric is a measure of the effectiveness of a SYSTEM (s) in your business.